118 2Nd StOrtonville, MN 56278

Property Details for 118 2Nd St

Year built

1910

Property size (Sq ft)

480 SF

Property type

Grocery and convenience stores

APN

22-0218-000

APU

220218000

Description

This exceptional 1,000 square foot commercial property, situated on a 0.03-acre lot at 118 2nd Street NW in Ortonville, Minnesota, presents a unique opportunity for a variety of businesses. Located in the heart of downtown, this building benefits from high foot traffic generated by neighboring businesses including pharmacies, a coffee shop, flower shop, license bureau, and spa. The property's prime location ensures excellent visibility and accessibility. The interior boasts a beautifully renovated space featuring warm, inviting aesthetics with attractive wood flooring and trim. A recently updated restroom adds to the property's modern appeal. A well-maintained green space at the rear of the building provides an additional outdoor amenity. The flexible floor plan allows for use as a single, connected space or can be easily divided into two separate areas using a newly installed interior door. Each section offers its own storefront access, floor space, restroom, storage room, and rear access door. This versatile property is ideal for retail, office, or other commercial uses, offering a blend of charm, functionality, and a highly desirable downtown location. The asking price is $120,000.

• CAP approach

  CAP return

  Valuation

  6%

  $116,150

  6.5%

  $107,215

  7%

  $99,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $61,738

  Geo Method

  $61,738

• Alternative Use

  Use

  Valuation

  Residential

  $90,440

  Hospitality

  $82,842

  Educational

  $68,924

  Medical

  $71,294

  Retail

  $107,215

Location Insight

City

Ortonville

County

Big Stone

State

Minnesota

Latitude

45.306

Longitude

-96.4459

Property Tax & Assessments

FAQs

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